ATI buy XGI Technology

ATI today announced the acquisition of Shanghai-based Macrosynergy, an XGI Technology alliance company, as well as related personnel working out of XGI Technology’s Santa Clara, California location.
The acquisition will see approximately 100 Shanghai-based employees join ATI. An additional cadre of XGI employees in Santa Clara will relocate to ATI’s Santa Clara location.

Currently, demand for computer hardware in China is setting a pace to achieve a 5% CAGR over the next five year period with spending on IT hardware hitting $20.3 billion in 2006, surpassing $23 billion in 2009.

“From a worldwide perspective, China will continue to be the dominant manufacturing base as well as a major market for both computers and mobile handsets,” said Oliver Xu, principal Shanghai-based analyst with Gartner Inc.’s Semiconductor Group. “Therefore the acquisition is important for ATI’s further success in China and will enhance the company’s performance in the global market.”